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  • #2,581
  • Jun 10, 2022 8:58am Jun 10, 2022 8:58am
Long to the 1839 in my opinion, i will scalp it, but pay attention to the news.
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My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 9.9%
  • #2,582
  • Jun 10, 2022 9:01am Jun 10, 2022 9:01am
it should go up.

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My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 9.9%
  • #2,583
  • Jun 10, 2022 9:04am Jun 10, 2022 9:04am
Quoting aahmad29
{quote} I read one analysis here in FF that price will go to 1815. What do you think?
I think a short to 1816/15 but only if it cracks 1825. If there is a weekly close below 1820, I think Gold will go down to 1780 in the next couple weeks.
  • #2,584
  • Jun 10, 2022 9:25am Jun 10, 2022 9:25am
Quoting aahmad29
{quote} I read one analysis here in FF that price will go to 1815. What do you think?
In the near term until the FOMC announcement next week, there could be more choppy action where the price can go higher. It could also go lower. I think that it is best to trade with small positions and tighter stop losses and take the profits that are on the table.

The 4 hour chart looks bullish to me. I would predict that 1810 would be the immediate bearish target under 1824.
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,585
  • Jun 10, 2022 9:39am Jun 10, 2022 9:39am
D1 - Gold
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"Exchange of hands"
  • #2,586
  • Jun 10, 2022 9:52am Jun 10, 2022 9:52am
time to rip higher now
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,587
  • Jun 10, 2022 10:25am Jun 10, 2022 10:25am
Trading is really hard. Around 1828 bottom forming took place. Third time it came back I was watching an other graph (eurusd). So missed the entry, than I don’t know if I should enter. The opportunity is gone.
  • #2,588
  • Jun 10, 2022 11:17am Jun 10, 2022 11:17am
The bull move could now be complete today near 1870.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,589
  • Jun 10, 2022 11:29am Jun 10, 2022 11:29am
I consider myself a gold bull, but I do really hate it when the price moves like that (currently $1873).

Even worse since I had a large long at $1832 and closed at $1833 because I figured they hadn't finished beating the crap out of the price and that the USD surging was just going to keep going. Then my other trading rules kicked in and prevented any new positions from being taken. My bad. And hope no one was short without protection.
  • #2,590
  • Jun 10, 2022 11:43am Jun 10, 2022 11:43am
Quoting PercyJames
I consider myself a gold bull, but I do really hate it when the price moves like that (currently $1873). Even worse since I had a large long at $1832 and closed at $1833 because I figured they hadn't finished beating the crap out of the price and that the USD surging was just going to keep going. Then my other trading rules kicked in and prevented any new positions from being taken. My bad. And hope no one was short without protection.

High inflation thought has won as a protection. I find that also difficult as the market makers could change the sentiment any time. But they keep the sentiment after it really settles in an hour or so longer than we think. Maybe we can use that to go in the same direction.
  • #2,591
  • Jun 10, 2022 12:20pm Jun 10, 2022 12:20pm
Quoting PercyJames
I consider myself a gold bull, but I do really hate it when the price moves like that (currently $1873). Even worse since I had a large long at $1832 and closed at $1833 because I figured they hadn't finished beating the crap out of the price and that the USD surging was just going to keep going. Then my other trading rules kicked in and prevented any new positions from being taken. My bad. And hope no one was short without protection.
The price could still reverse back down on Monday towards the FOMC. I think that the dollar will still be stronger and interest rates will rise further due to inflation. This means that gold will drop.

https://www.ubs.com/global/en/wealth...e.1558421.html

“The Fed becomes even more hawkish, hiking interest rates aggressively in 2022 and pushing up US real rates strongly, which would likely trigger substantial outflows from gold ETFs.”
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,592
  • Jun 10, 2022 12:40pm Jun 10, 2022 12:40pm
i agree with you @forexgoose... .i figure it will retest the $1850 level, before another rally later on in the week.
  • #2,593
  • Jun 10, 2022 12:45pm Jun 10, 2022 12:45pm
Guys, What happened to the Gold at 18:30? It broke the wage downward and i was preparing to make a short and suddenly that huge bullish candle
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  • #2,594
  • Jun 10, 2022 1:03pm Jun 10, 2022 1:03pm
Quoting ForexGoose
{quote} The price could still reverse back down on Monday towards the FOMC. I think that the dollar will still be stronger and interest rates will rise further due to inflation. This means that gold will drop. https://www.ubs.com/global/en/wealth...e.1558421.html “The Fed becomes even more hawkish, hiking interest rates aggressively in 2022 and pushing up US real rates strongly, which would likely trigger substantial outflows from gold ETFs.”

Wednesday is the FED's interest rate decision. You are correct before wednesday we could expect drop and after the decision maybe more. But I think gold is also driven due to the war in Ukraine and the effects of that around the World. It can go up after that then.


Quoting Arash82
Guys, What happened to the Gold at 18:30? It broke the wage downward and i was preparing to make a short and suddenly that huge bullish candle {image}

You should be happy that it happened before your placement
  • #2,595
  • Jun 10, 2022 1:11pm Jun 10, 2022 1:11pm
{quote} You should be happy that it happened before your placement [/quote]

I want to know what caused it. The last important news was CPI 1:30h before that. Was there any other news that i ignored it?
  • #2,596
  • Jun 10, 2022 1:25pm Jun 10, 2022 1:25pm
Bulls forcing a close above 1970.
  • #2,597
  • Jun 10, 2022 1:36pm Jun 10, 2022 1:36pm
Quoting Eren10
{quote} You should be happy that it happened before your placement
Quoting Arash82;
I want to know what caused it. The last important news was CPI 1:30h before that. Was there any other news that i ignored it?
The inflation concerns caused the increase. The money looses its value. Therefore the market decided to buy gold.
  • #2,598
  • Jun 10, 2022 1:51pm Jun 10, 2022 1:51pm
Today's Results. I didn't expect this bullish candle. My short positions are active at R1, R2 and R3 but my H4 band didn't give short signal. After getting short signal i will add more short positions.
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Love for all; Hatred for none.
  • #2,599
  • Jun 10, 2022 1:59pm Jun 10, 2022 1:59pm
Performance of this week is here. According to my MA's, bullish move hasn't reach overbought area. Red MA must be on top of others MA.
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Love for all; Hatred for none.
  • #2,600
  • Jun 10, 2022 2:42pm Jun 10, 2022 2:42pm
The gold market uses the xaueur graph also to trade gold. This is what I have noticed since couple of days. So a lot to check Actually just one instrument looks already too much.

The price stopped at 50%fib level, so maybe it can be used as a support resistance value.
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